Streetbeat News

Regulatory

GOOG

Alphabet, despite strong Q3/24 results, faces regulatory risks and potential recession impacts, leading to a 'Hold' rating. The U.S. antitrust lawsuit against Google could affect its market dominance, similar to Microsoft's past legal issues.

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November 14, 2024 | 12:15 pm

IVVD

Invivyd, Inc. announced that The New England Journal of Medicine published a Letter to the Editor on the immunobridging pathway for PEMGARDA™ (pemivibart) leading to its Emergency Use Authorization. The letter also discusses the updated correlate of protection curve for COVID-19 prevention using monoclonal antibodies.

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November 14, 2024 | 12:15 pm

RAPP

Rapport Therapeutics is set to present data at the American Epilepsy Society Annual Meeting, including findings from a Phase 2a trial on seizure biomarkers, as well as preclinical and Phase 1 clinical data.

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November 14, 2024 | 12:15 pm

ITRM

Iterum Therapeutics announced its third quarter 2024 financial results and the FDA approval of ORLYNVAH TM on October 25, 2024. The company will host a conference call to discuss these updates.

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November 14, 2024 | 12:15 pm

TRMB

Trimble Inc. has received a delisting notice from Nasdaq due to non-compliance with filing requirements. The company has not found any errors necessitating a restatement of financials.

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November 14, 2024 | 12:00 pm

EEM

The iShares MSCI Emerging Markets ETF (EEM) has been underperforming due to factors like a strong US dollar, high US yields, and its heavy exposure to Chinese stocks, which are vulnerable to US protectionist policies. Despite its low valuation and technology exposure, the current economic and political environment suggests continued underperformance.

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November 14, 2024 | 12:00 pm

CPRI

TPR

Capri Holdings and Tapestry have decided to abandon their merger plans due to regulatory hurdles. This decision impacts both companies' strategic growth plans.

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November 14, 2024 | 12:00 pm

CPRI

TPR

Capri Holdings Limited and Tapestry, Inc. have mutually agreed to terminate their merger agreement due to the unlikely fulfillment of U.S. regulatory approvals by the set deadline.

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November 14, 2024 | 12:00 pm

FDXTF

FendX Technologies Inc. has been granted a US patent for its REPELWRAP(TM) film, marking its fifth patent. This strengthens FendX's intellectual property position in nanotechnology surface protection coatings.

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November 14, 2024 | 11:15 am

GM

General Motors (GM) is recalling 77,824 vehicles due to incorrect software in the transmission control module, which may cause unintended vehicle movement, according to the U.S. National Highway Traffic Safety Administration.

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November 14, 2024 | 11:15 am